China’s richest man has a shiny, new $8.2 billion movie studio in Qingdao and hopes to lure big name filmmakers to use it by offering them a 40 percent production rebate. For Wang Jianlin, the goal is to transform his… Read More>>
Li Ka-shing Feeling Brexit Blues And More Asia Real Estate Headlines
In the news today, Hong Kong’s Superman is weakened by kryptonite in its Brexit-form as shares in his affiliates continue to trend downward. Meanwhile Korea’s Lotte Department Store is teaming with Citic Group to enter the Shanghai retail sector and… Read More>>
Strange Bedfellows? Shanghai’s Jin Jiang Hotels Leads $260M WeWork Investment
In some ways, hotels and co-working spaces are a lot alike. Both feature a transient clientele base that may need space for a single day or indefinitely, but don’t want anything too permanent. Both attract people from all walks of… Read More>>
Wanda Repackages Flailing O2O Platform into New Online Division
Dalian Wanda Group is still licking its wounds after Tencent and Baidu walked away from the trio’s $3 billion ffan.com ecommerce joint venture in August. However, the conglomerate controlled by China’s richest man may not be quite ready to fold… Read More>>
Asia Real Estate People In The News 2016-10-17
With singer/songwriter Bob Dylan winning a Noble Peace prize last week, it seems only fitting to note how the times they are a changin’ for Deutsche Bank who appointed a new Head of Wealth Management for Asia after a key… Read More>>
South Korea’s Mirae Splashes Out $756M to Buy Waikiki Resort From Blackstone
Hyatt Regency Waikiki Beach Resort & Spa is known for offering guests views of Hawaii’s pristine blue ocean waters, and the resort’s new owners, Mirae Asset, are hoping to see another color — green.
The South Korean financial services firm… Read More>>
Gaw Capital Forms $151M Fund Targeting Aussie Industrial Assets
With property markets in Melbourne and Sydney looking as if they have peaked, Gaw Capital decided to go in another direction. The Hong Kong-based firm is teaming up with Abacus Property Group for an A$200 million ($151.5 million) opportunistic investment… Read More>>
Mainland Buyers Gobbled Up 24% of HK Land Sold in 2016 Says Deutsche Bank
Maybe billionaire Hong Kong developer Lui Che-Woo wasn’t being a sore loser when he bemoaned the fact that his K Wah International seemed unable to win a land sale in its home market this year.
In their continued search for… Read More>>
Anbang Turns to Blackstone Again With $558 Mil Purchase of Dutch Offices
China’s Anbang Insurance is set to acquire $558 million worth of office properties in the Netherlands from Blackstone Group, a person with knowledge of the deal told Bloomberg. If completed, the deal would push the total value of property assets… Read More>>
Fears of China Retail Slide? Keppel Land Buys New Shanghai Mall for $75 Mil
Keppel Land China still sees some value in China’s much-maligned retail real estate sector – agreeing last week to purchase a newly completed mall in suburban Shanghai for RMB 500 million ($74.9 million).
The acquisition by the Singaporean real estate… Read More>>
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